Sanaby Health Acquisition Corp. I Announces the Separate Trading of its Class A Common Stock and Warrants
08 Noviembre 2021 - 9:49AM
Business Wire
Sanaby Health Acquisition Corp. I (Nasdaq:SANBU) (the
“Company”) announced today that, commencing November 9, 2021,
holders of the 17,250,000 units sold in the Company’s initial
public offering may elect to separately trade the Company’s Class A
common stock and warrants included in the units. Shares of Class A
common stock and warrants that are separated will trade on The
Nasdaq Global Market under the symbols “SANB” and “SANBW,”
respectively. No fractional warrants will be issued upon separation
of the units and only whole warrants will trade. Those units not
separated will continue to trade under The Nasdaq Global Market
symbol “SANBU.” Holders of units will need to have their brokers
contact Continental Stock Transfer & Trust Company, the
Company's transfer agent, in order to separate the units into
shares of Class A common stock and warrants.
Sanaby Health Acquisition Corp. I is a newly organized blank
check company formed for the purpose of effecting a merger, capital
stock exchange, asset acquisition, stock purchase, reorganization
or similar business combination with one or more businesses. While
the Company may pursue a business combination in any industry,
sector or geographic region, the Company intends to identify
promising opportunities in the healthcare industry, with a focus on
digital health, life science tools and services, and innovative
therapeutics. The Company has not selected any specific business
combination target.
The units were initially offered by the Company in an
underwritten offering. BTIG, LLC acted as the sole book-running
manager and I-Bankers Securities, Inc. acted as co-manager for the
offering. Cohen & Company Capital Markets (a division of J.V.B.
Financial Group, LLC) acted as an advisor to the Company on the
transaction.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission
(“SEC”) on October 14, 2021. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
The offering was made only by means of a prospectus, copies of
which may be obtained on the U.S. Securities and Exchange
Commission website at http://www.sec.gov. Alternatively, copies of
the prospectus may be obtained from BTIG, LLC, 65 East 55th Street,
New York, NY 10022, or by email at ProspectusDelivery@btig.com.
CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
“forward-looking statements,” including with respect to the initial
public offering, the anticipated use of the net proceeds and search
for an initial business combination. No assurance can be given that
the offering discussed above will be completed on the terms
described, or at all, or that the net proceeds of the offering will
be used as indicated. Forward-looking statements are subject to
numerous conditions, many of which are beyond the control of the
Company, including those set forth in the “Risk Factors” section of
the Company’s registration statement for the Company’s initial
public offering filed with the SEC. Copies are available on the
SEC’s website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20211108005779/en/
Sanaby Health Acquisition Corp. I Sandra Shpilberg, CEO
(415) 580-1810 info@sanaby.com www.sanaby.com The Equity Group
Inc. Devin Sullivan, SVP (212) 836-9608 dsullivan@equityny.com
Kalle Ahl, VP (212) 836-9614 kahl@equityny.com
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